Sony Inks $156 Million Deal To Sell Tokyo Buildings

Sony inked a deal Friday to sell its former headquarters and a nearby building for Y16.1 billion ($156 million), the latest in a round of asset sales to plug in losses from its flagging consumer electronics business.

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The Japanese tech giant said the sale to Sumitomo Realty & Development will add around Y10 billion in operating profit for the upcoming April to June quarter.

The building that’s being sold houses its medical business and various other non-consumer related operations, and served as Sony’s headquarters from 1990 to 2007.

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